Ethylene Prices Losing Altitude

ETHYLENE-CONTRACT PRICING declines in November, as expected. Industry sources suggest the U.S. ethylene contract settled down four cents per pound in November to 44.5 cents per pound, or an 8.3% drop versus October.

Among ethylene names, today's downward pricing trend is not the friend of Nova Chemicals, Lyondell Chemical, Westlake Chemical and Dow Chemical, although the November settlement was...